Happy Monday everyone!As per my usual morning routine over my cup of coffee and reading mortgage & real estate news, I happened to have come across this article that nearly took the words out of my mouth.https://www.livabl.com/2019/03/3-ways-change-mortgage-stress-test-canadian-homebuyers.html Amongst agreeing with essentially all points made in this article. The subject of renewals really got me going.
Good evening everyone, As some may have heard or are just reading now. Yesterday’s Federal Budget announcement will be providing some relief for first time home buyers which is great news to all our new buyers! RRSP withdrawal’s are now up to $35,000 per individual instead of the $25,000. Same 15 year repayment plan. CMHC’s
Good Morning everyone, Spring is in the air which is making us all a little excited a believe. Finally caught up with our daylight savings time change and feel renewed and refreshed with the nicer weather coming.Even though sales are down the activity on the market has been quite interesting. Quick rate update:5 Year insured
Good Morning Everyone, One subject that doesn’t get touched enough on is how First Time home buyers can withdraw up to $25,000 per individual when it comes to a home purchase all of this is a tax free withdrawal as well! Important details you must know with regards to doing a withdrawal: – You don’t
Great start to Thursday with a good read from this Yahoo post. Check out the link. https://ca.finance.yahoo.com/news/loonie-will-dive-bank-canada-will-cut-rates-capital-economics-174336077.html?soc_src=social-sh&soc_trk=ma As the title states. Still early on in the year here but looks like 2019 will have some adjustments to the market to prevent things from going to far south. Time will tell
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